The Magic Lantern Corporation in Nevada City, California (CA)
Table of contents:
| The Magic Lantern Corporation | |
| Employer Identification Number (EIN) | 205266274 |
| Name of Organization | The Magic Lantern Corporation |
| In Care of Name | JEFFREY L CLARK |
| Address | 107 Argall Way, Nevada City, CA 95959 |
| Website | N/A |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2009 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $5,567 |
| Amount of Income | $36,960 |
| Form 990 Revenue Amount | $-19,413 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2009: $36,960 (it was $-19,413 in 2013)
| The Magic Lantern Corporation: | $36,960 |
| Other organizations performing similar types of work: | $56,000 |
Assets in 2009: $5,567 (it was $5,567 in 2013)
| The Magic Lantern Corporation: | $5,567 |
| Other organizations performing similar types of work: | $195,672 |
Expenses in 2013: $39,181
| The Magic Lantern Corporation: | $39,181 |
| Other organizations performing similar types of work: | $36,457 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.3 |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $44,791 | $54,251 | $-19,413 |
| Contributions, gifts, grants, and similar amounts received | $32,171 | $57,235 | $11,811 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $12,620 | $-2,984 | $-31,224 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $42,602 | $26,168 | $25,149 |
| Less: direct expenses from gaming and fundraising events | $29,982 | $29,152 | $56,373 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $38,289 | $57,028 | $39,181 |
| Total net assets | $-6,622 | $-9,319 | $-66,112 |
| Excess/Deficit for the year | $6,502 | $-2,777 | $-58,594 |
| Net assets or fund balances at beginning of year | $-11,828 | $-6,622 | $-9,319 |
| Other changes in net assets or fund balances | $-1,296 | $80 | $1,801 |
| Net assets or fund balances at end of year | $-9,319 | $-66,112 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $7,070 | $4,293 | $5,567 |
| Total liabilities | $13,692 | $13,612 | $71,679 |
| Net assets or fund balances | $-6,622 | $-9,319 | $-66,112 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | Yes | Yes | |
| Total amount involved | $11,811 | $71,679 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $158,651 |
| Subtotal | $256,697 |
| Gifts, grants, contributions, and membership fees received | $111,562 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $145,135 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $98,046 |
| Amounts received from disqualified persons | $98,046 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $256,697 |
| Public support | $256,697 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
| Write your review! |
|
|
| Recently Added Reviews |
Ackright Premier Sports Inc in San Dimas, CA
 |
|
Trust Funds Inc in San Francisco, CA
|
| Foothill High School Super Boosters Club in Santa Ana, CA |
Hoi Bac Ai Phanxico Franciscan Charity Inc in San Francisco, CA
 |
|
Cuddlybear Thrift Store Inc in Fortuna, CA
|
Apostle Paul Ministries in Hayward, CA
 |
|
Adat Ari El in N Hollywood, CA
|
| Iglesia De Jesucristo Palabra-Miel in El Cajon, CA |
|
Nze Foundation in Vista, CA
|
|
Sgi-Usa Endowment in Santa Monica, CA
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Thomas A Forsyth Trust 1-00226-0, Dental Infirmary Trust 14-1002260 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2001-02 | $16,709,760 |
| 2 | Soaring Eagle Academy | 8320 S Madison St, Burr Ridge, IL 60527-6215 | IL | 2005-12 | $4,112,285 |
| 3 | Sending Support Foundation | 5455 Landmark Pl Unit 909, Greenwood Vlg, CO 80111-1956 | CO | 2003-02 | $1,937,892 |
| 4 | Strategic Global Assistance Inc | 513 S Main St Ste 2, Elkhart, IN 46516-3208 | IN | 2000-09 | $1,246,429 |
| 5 | Whitewater Aquatic Center Inc | PO BOX 509, Whitewater, WI 53190-0509 | WI | 2002-03 | $752,525 |
| 6 | University Of The Southern Caribbean Alumni Assn Na Inc | 10808 Barn Wood Ln, Potomac, MD 20854-1328 | MD | 2001-08 | $107,738 |
| 7 | Shander St Cyril And Methodius Tr | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 2001-04 | $92,338 |
| 8 | Stinky Spoke Foundation | 17606 Ne 152nd Street, Woodinville, WA 98072 | WA | 2009-06 | $55,911 |
| 9 | Thompson Family Foundation | 450 Fenton Pl, Charlotte, NC 28207-1918 | NC | 2000-07 | $47,586 |
| 10 | Burundi Friends International | Po Box 927356, San Diego, CA 92192-7356 | CA | 2009-03 | $45,118 |
| 11 | Timothy H Osmond Memorial Fund | 26133 W Grass Lake Rd, Antioch, IL 60002-7106 | IL | 2005-06 | $38,185 |
| 12 | The Magic Lantern Corporation | 107 Argall Way, Nevada City, CA 95959 | CA | 2008-03 | $36,960 |
| 13 | Merle And Teresa Fischlowitz Family Foundation | 2500 Sixth Avenue, San Diego, CA 92103-6628 | CA | 2002-01 | $23,696 |
| 14 | Tr U-A Charles M Shander Fbo University Of Scranton | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 2001-04 | $20,298 |
| 15 | Shander Tr Fbo Marywood University | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 2001-04 | $18,307 |
| 16 | Burgundy Foundation Tr, Sandson Susan Et Al Ttee | 674 Santa Rosa Ave, Berkeley, CA 94707-1547 | CA | 2001-11 | $1,678 |
| 17 | Folta Family Foundation 33-1955460 | 2 Edna Ct, Somerset, NJ 08873-7345 | NJ | 2002-07 | $201 |
| 18 | Foundation For The Advancement Of Art | 310 Vista Del Mar Ste A, Redondo Beach, CA 90277-5847 | CA | 2002-11 | $183 |
| 19 | Space Launch Foundation | 47 Loker St, Wayland, MA 01778-3718 | MA | 1999-09 | $15 |
| 20 | Village Club | Po Box 522, Ferndale, CA 95536 | CA | 2000-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 119 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about The Magic Lantern Corporation »
Non-representatives - add comments about The Magic Lantern Corporation»